Struggling with frugality, debt, parenting, and weight

Detailed Financial Picture – October 2014

As of October 9, 2014, we are $15,000 in debt without a mortgage to speak of (yet). We currently have $506,961.16 in assets. Our retirement accounts are at $396,992.38. Our Net Worth is $491,961.16 , down from $507,579.11 last month (3.08% decrease).

This is a short update as we’re enjoying ourselves in Zurich today.

I used the proceeds from our house sale to pay off our line of credit – I got hit with a $36 interest “fee”, but we were just floating the money until the house sold anyway. We have no mortgage (or house) any more, so that affects our net worth significantly.

We “spent” about $44,000 in seller’s costs to sell the house (concession and broker’s fees), so that’s where most of the drop comes from. Considering that, I don’t think we did too bad. The house sold for less than we bought it for – but it sold for list price and we didn’t have to do any repairs to it after inspection.

That leaves us with our car payment for the next few months. Because it’s at 0% interest rate, we’re not planning on paying it down quickly until we’ve moved into our new house and see what else we have to spend money on. We’ve already got the down payment for the house, now we’re just saving up for the closing costs. That’s where all of our extra money will be going in the next few months.